Choise.ai Launches PerpeX With Over $60 Trillion Perpetual Futures in Cumulative Trading Volume

According to a recent study by Cornell University, the total trading volume of fixed futures contracts as of 2020 has exceeded $60 trillion.
Fixed income has many advantages over spot market cryptocurrencies, including lower fees and faster execution.
Choise.ai has announced the launch of PerpeX, a new decentralized exchange designed specifically for this perpetual market.

The cumulative trading volume of perpetual contracts as of 2020 reached an astonishing $60 trillion in February, according to a recent study by Cornell University, which shows that the perpetual futures market is one of the fastest-growing segments of the cryptocurrency sector.

To put that figure in perspective, last year the cumulative transaction volume for the entire spot cryptocurrency market was about $12 trillion.

To serve the rapidly growing perpetual market, Select.No PerpeX, which aims to set a new industry standard for sustainable futures trading, has announced the launch of a new decentralized perpetual exchange.

Announcing the launch of PerpeXVlad Gorbunov, founder of Choise.ai, said:

“PerPayX is a decentralized tool that greatly strengthens our Web3 initiatives. In the future, this product will feature AI support in developing risk and benefit profiles and managing transactions. Additionally, we are moving towards cross-chain solutions.”

With the development of a talented team, our exchange will be one of the benchmarks for the lowest gas fees in the market and will be well aligned with Choise.ai by integrating into the enterprise sector and marking a new direction for us. The CHO token will be deeply integrated into PerpeX, increasing its utility value.

Aim to impress

The new Perpex exchange aims to impress crypto traders with its advanced features, including:

Wide market diversityAlthough Choise.ai is a leading crypto platform, Perpex traders are not limited to cryptocurrency futures. You can also trade forex, metals and stock futures on this new perpetual exchange with leverage ranging from 200x to 1000x depending on the market. Traders will have the option to create new synthetic futures markets using Price Oracle.

Virtual Automated Market Maker (vAMM): PerpeX uses cutting-edge DeFi computing to replace the traditional order book with a virtual algorithm. This Perpex core executes trades based on a sophisticated algorithm developed for each market, allowing users to place orders even in markets with low liquidity.

General marketing tools: PerpeX supports all classic trading tools including limit orders, stop losses, and take profits, and traders have the option to change their ability level by increasing or decreasing the position.

Effective pricing: PerpeX uses a verbal system to aggregate prices from major sources such as Chainlink and PYTH, which ensures accurate and reliable pricing for all markets.

Liquidity, staking and earningsPerpex users can use USDT to participate in the platform, participate in a common liquidity pool, and earn a portion of the platform's revenue.

Low transaction costsChoise.ai's PerPay fee structure is specifically designed to ensure the lowest transaction fees for all transactions.

Analysis and monitoring: PerpeX provides advanced monitoring and alert systems for traders to monitor market movements and trading performance.

token integrationChoise.ai's CHO token will be deeply integrated into the exchange, and offers up to 50% discounts when traders pay to trade with CHO, as well as revenue sharing and liquidation revenue. Some analysts are predicting that Perpex's total market cap could eventually top $100 trillion, which could mean a lot of upside potential for perpetual futures traders on the exchange.

It is also worth mentioning that the value of the CHO token itself may increase significantly when the new PerpX platform goes live, because As we mentioned before Big announcements from Choise.ai trigger a rise in the token's price, most recently a 500% increase in $CHO earlier this year.

In fact, several analysts predict another 20x jump for CHO in the near future:

He only invested in AI GEM

◢ It's about @ChoiseAI. The larger ecosystem was focused on enterprise, Web3 and AI solutions.

Despite ChoiseAI, the market cap of $CHO is only $10M.

• Access to international licenses. • In cooperation with Visa and Mastercard.

◢ Recently announced a merger… pic.twitter.com/VbTftdf36H

— Ronin (@DeRonin_) May 29, 2024

Choise.ai has yet to confirm a specific launch date for PerpeX, but industry insiders suggest it could be available to Perpex futures traders as early as June, so watch this space.